These candlestick reversal patterns use three bars for each signal. So, for example, a Bearish Engulfing Candles (which is a well known signal) will have a third candle which confirms the bullish move. This improves the reliability and reduces the number of signals.
Like any candlestick pattern these are best traded away from horizontal support/resistance and/or...
Sometimes the simplest things turn out to be surprisingly useful.
Wyckoff's second law of cause and effect implies that price movement (up or down) should be proportional to the effort (volume) supplied. Price is not subject to gravity; without volume it cannot move.
This one-line indicator acts a bit like a lie detector for price action.
It simply...
Simple indicator to find pipe bottom and top patterns.
Definition:
- Pipe Bottom:
- Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y"
- The previous candle is red and the current candle is green
- Trend Definition - (Trend for EMA length 'z" has a slope less...
Hey!
This time I took the pattern recognizer from a previous script I worked.
It overlays the Arrows on the chart.
Legend:
#Maroon colour: Strong bearish signal
#Red colour: Bearish signal
#Dark Green colour: Strong bullish signal
#Lime: Bullish signal
NOTE: Also, you can untick the patterns you don't find useful, but I kept every pattern to get a complete...
I realized this indicator to facilitate the Backtesting operations.
The indicator autonomously detects the Engulfings to which filters can be placed. The available filters are:
- ATR (discards Engulfings which do not have a body greater than or equal to the value of ATR)
-SWING(SWING filter, the indicator ensures that the Engulfing minimum/maximum must be the...
Hey!
This is a script I remade from various scripts I had.
It's a smoother of candlestick by VWMA , that means that will give information about the trend strenght and actual situation, as you might notice.
I also added a crossing over signaling with RED/GREEN colours.
When the chart is coloured red, means that soon there will be a selling opportunity.
When the...
Bars In a Row Counter Pro by RagingRocketBull 2018
Version 1.0
This indicator counts bars of the same color in a sequence (dojis included) and plots the resulting counts as histogram bars
1. based on barssince, uses plot function with histogram style
2. Min/Max Threshold is the upper and lower limits for counting bars. For example, you can look only for...
Our Logical Volume Trading System is a vast improvement on ‘standard’ volume spread analysis. Based on 15+ year combined experience with our Smart Volume Spread Analysis software, we have refined our analysis and algorithms to provide the most powerful VSA indicator on TradingView.
Combining fundamental analysis, technical analysis, and volume analysis into a...
![EURNOK: The Lie Detector [LucF]](https://s3.tradingview.com/s/SeO3jRdj_mid.png "The Lie Detector [LucF]")
